May 15, 20224 yr On 5/13/2022 at 9:03 AM, Ipiggles said: When I built my first house I was 23 years old, the Mortgage rate was 13.9%. Nine years later that House was worth double the original cost. We built our second home when the rates had dropped to about 9%. This is our forever home. The rates had dropped some more, I refinanced- and added $70,000 to the loan, which I invested, and my mortgage payment stayed the same. They had dropped again to just under 4% and I refinanced again, shortened the term, invested another $20K. And the property is now worth 3 x's what it cost to build. Timing is everything, luck is when opportunity and preparation meet. Between the rates climbing and the probable recession looming, the housing market should stablize. Still amazed that houses are selling tens of thousands over asking price due to competition. Not a good time to be buying, but still a good time to sell for a little while yet. Yeah, timing is great when your household formation starts at near peak interest rate environment and you live through a secular bull market in bond prices. Doing it in the opposite direction is a bit more difficult for the average person. You can’t just ride a wave of lower and lower interest rates that force feed you gains in asset prices. The problem with housing specifically is that, regardless of rising interest rates, construction costs are through the roof between materials and regulation. Basically, to be profitable in most markets, home builders have to focus on high end housing. "Starter homes” aren’t profitable.
May 16, 20224 yr On 5/8/2022 at 10:54 PM, EaglesRocker97 said: And the "men can get pregnant” crowd continues to be confused by biology. At least pick a book with a girl old enough to hit puberty.
May 16, 20224 yr 8 minutes ago, toolg said: I believe this. There is one party in the USA. The 'we buy politicians and laws party' which has two faces for marketing purposes only.
May 16, 20224 yr 15 hours ago, TEW said: Yeah, timing is great when your household formation starts at near peak interest rate environment and you live through a secular bull market in bond prices. Doing it in the opposite direction is a bit more difficult for the average person. You can’t just ride a wave of lower and lower interest rates that force feed you gains in asset prices. The problem with housing specifically is that, regardless of rising interest rates, construction costs are through the roof between materials and regulation. Basically, to be profitable in most markets, home builders have to focus on high end housing. "Starter homes” aren’t profitable. Completely agree. Timming and luck. However, I will tell you while there is money to be made in CRypto and NFT's I will never own any. Nothing tangible there. Land/ Real estate is at least a tangible item, and if you invest in rentel assets, they can produce revenue. But thats just me.
May 16, 20224 yr 39 minutes ago, Ipiggles said: Completely agree. Timming and luck. However, I will tell you while there is money to be made in CRypto and NFT's I will never own any. Nothing tangible there. Land/ Real estate is at least a tangible item, and if you invest in rentel assets, they can produce revenue. But thats just me. I own some crypto, but it was basically a bet on everything going ballistic after the COVID crash. I got my initial investment out around BTC $50K, so it basically a free position at this point. Real estate can be highly profitable and I own some my self. But I also worry about too much money being tied up in an illiquid asset. I like being nimble and able to move my money around quickly. Of course. If you have a piece of real estate that throws off cash, no reason to sell.
May 16, 20224 yr 1 minute ago, TEW said: I own some crypto, but it was basically a bet on everything going ballistic after the COVID crash. I got my initial investment out around BTC $50K, so it basically a free position at this point. Real estate can be highly profitable and I own some my self. But I also worry about too much money being tied up in an illiquid asset. I like being nimble and able to move my money around quickly. Of course. If you have a piece of real estate that throws off cash, no reason to sell. There is a reason Gates is buying farm land. I think Buffet has been buying as well.
May 16, 20224 yr 14 hours ago, paco said: And the "men can get pregnant” crowd continues to be confused by biology. At least pick a book with a girl old enough to hit puberty. Look, man, she appears to be a little too young if you're going over this with a fine-toothed comb, but the image itself pretty much fits the bill. Either way, I didn't create it and...it's just a meme, bruh!
May 16, 20224 yr On 5/11/2022 at 6:30 PM, VanHammersly said: Yeah, except the Dow's up since Biden took office, even with the latest slide. Massive inflation kind of helps pad the stats. see: Russian ruble
May 16, 20224 yr On 5/15/2022 at 11:23 PM, greenskeeper said: Yeah…. Since my grandfather isn’t with us anymore, the 25% of me that is Ukrainian will be the one to tell you to F off with that right there. What is happening to the Ukrainian people is literal genocide.
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